World Bank ap­proves loan for In­done­sia

The Pak Banker - - Front Page -

WASHINGTON

The World Bank ap­proved three new devel­op­ment pol­icy loans (DPLs) for In­done­sia to­day to sup­port In­done­sia-led re­form pro­grams to im­prove pub­lic fi­nan­cial man­age­ment, ad­vance the con­nec­tiv­ity agenda, as well as strengthen the fi­nan­cial sec­tor and ac­cel­er­ate in­vest­ment.

Th­ese three pol­icy loans were devel­oped at the In­done­sian government's re­quest and builds upon the se­ries of an­nual DPLs that started in 2004.

Th­ese DPLs al­low the World Bank to en­gage within the pri­or­ity sec­tors that are in line with the Government's own strate­gic plans. Al­to­gether, the three new DPLs are de­signed to help the In­done­sian government achieve its medium term goals in eco­nomic devel­op­ment and poverty re­duc­tion.

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